Crypto Adoption in MENA 2025: Crisis, Adaptation, and Growth
Note on our methodology: To fully document activity in the MENA region, we used our regular web-based geography methodology for the bulk of the analysis. However, Iran is not available in those data. For the Iran sub-section, we plot cryptocurrency activity related to specific Iranian services. Because these data are estimated using a different methodology, Iran is not included in the various high level regional charts in the beginning of this chapter.
The MENA region has emerged as a compelling case study in cryptocurrency adoption, with transaction volumes reaching a pinnacle of over $60 billion in December 2024. Despite moderate cooling in 2025, year-over-year growth remains robust, with record monthly flows in late 2024. This…
